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Factors That Will Influence Oil and Gas Supply and Demand in the 21st Century

  • Stephen A. Holditch (a1) and Russell R. Chianelli (a2)
Abstract

A recent report published by the National Petroleum Council (NPC) in the United States predicted a 50–60% growth in total global demand for energy by 2030. Because oil, gas, and coal will continue to be the primary energy sources during this time, the energy industry will have to continue increasing the supply of these fuels to meet this increasing demand. Achieving this goal will require the exploitation of both conventional and unconventional reservoirs of oil and gas in an environmentally acceptable manner. Such efforts will, in turn, require advancements in materials science, particularly in the development of materials that can withstand high-pressure, high-temperature, and high-stress conditions.

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Copyright
References
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1.Facing the Hard Truths about Energy—A Comprehensive View to 2030 of Global Oil and Natural Gas, (National Petroleum Council, Washington, DC, 2007); www.npc.org (accessed January 2008).
2.World Energy Outlook 2006, (International Energy Agency, Paris, 2007); www.iea.org (accessed January 2008).
3.Campbell, C.J., The Coming Oil Crisis (Multi-Science Publishing, Essex, UK, 1997).
4.Masters, J.A., AAPG Bull. 63 (2), 152 (1979).
5.Rogner, H.-H., “An Assessment of World Hydrocarbon Resources” (WP-96–26, IIASA, Laxenburg, Austria, May 1996).
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MRS Bulletin
  • ISSN: 0883-7694
  • EISSN: 1938-1425
  • URL: /core/journals/mrs-bulletin
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